“Is Amkor a Buy After Nvidia’s $3 Billion Deal?”
AI summary · The speaker is passing on Amkor even after a solid Q3 2026 (sales near $2 billion, 18.3% gross margin, 400 basis points higher year over year, net income up 50% year over year): as a low-margin manufacturing-layer business reliant on NVIDIA and TSMC it deserves a cheaper valuation, and its mid-to-high-teens trailing PE is more rational. 2027 capacity investment could lower next-year net profit, and CSI prefers packaging equipment makers instead.
Let's do a dedicated video on Amkor, ticker symbol AMKR.
This is a company that we have addressed in many videos over the last four-plus years of Chip Stock Investor's existence, but we've never done an actual dedicated video.
They had a pretty good Q3 2026. They did sales of nearly $2 billion at a gross margin of 18.3%. Right off the bat, that doesn't look like a particularly good business with a gross margin of 18%.